1212 24Th St Eldora, IA 50627
- Retail space
- 8,320 SF
- 0.99 lot acres
Current Use by Public Records
- Dollar General / Seasonal Goods Store / Variety Store
- Western Union / Money Transfer Service
- FedEx OnSite / Mailing Service
Property Details for 1212 24Th St
- Year built
- 2004
- Lot size
- 0.99 lot acres
- Property size
- 8,320 SF
- Property type
- Retail space
- APN
- 871907153007
- APU
- 871907153007
Description
This Eldora, IA retail property, located at 1212 24th Street, offers a compelling investment opportunity. The 8,320 square foot freestanding building is currently leased to Dollar General under a Net Net (NN) lease expiring September 30, 2030, with two 5-year renewal options at 10% rent increases. The tenant, Dolgencorp, LLC, has demonstrated strong commitment with a recent lease extension. The property boasts a strong net operating income (NOI) of $47,250, resulting in a 7.00% capitalization rate. Recent improvements include parking lot and exterior lighting upgrades. The lease includes a national insurance program where the tenant pays insurance directly, and Dollar General is responsible for minor repairs (under $500) and fully reimburses property taxes. Additionally, Dollar General pays additional percentage rent at this location. The property is situated in Hardin County, Iowa, zip code 50627, and is easily accessible. This is a rare opportunity to acquire a stable, high-yielding retail investment in a desirable location. The asking price is $675,000.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eldora
- County
- Hardin
- State
- Iowa
- Longitude
- -93.1147
- Latitude
- 42.3609
